Xilam Animation announces the successful completion of its capital increase in cash with preferential subscription rights for just over 3.68 million euros, through the issue of 982,299 new shares at a unit price of 3.75 euros.

The funds raised are intended to enable Xilam to optimize its financial structure by rebalancing its balance sheet, and thus improve its debt-to-equity ratio in a context of rising debt costs and more demanding lending conditions.

At the end of the placement period, subscription demand had reached 1,067,608 shares, or 108.7% of the initial amount. The cartoon company's share capital is now divided into 5,893,799 shares.

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